Accounting II & III

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Accounting II & Quickbooks Syllabus.pdf


(This Calendar is SUBJECT TO CHANGE)

Time and Billing Practice
Week of...
 Monday
 Tuesday
 Wednesday
 Thursday
 Friday
August 21

Standard:


Learning Target:


Activities:

Highs and Lows of the Summer

Woodward-Granger Concession Stand Work - Square Prep

Discuss Menu Options with Mr. Eichorn

Pricing - Based on last year's data

Set Price Points

Find Images for Items

Check for Understanding:

Standard:


Learning Target:


Activities:


Insert Images for Square and Edit Items

Create Credit Card Signage for Concession Stand

Check for Understanding:

Standard:


Learning Target:


Activities:


Finish any Square Prep


Check for Understanding:
August 28

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:


View Data from the Football Game

What did you learn?

Prices for Food Items - Where should the margin be higher? Where should it be lower?


Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:


Discuss Square App and make sure it is prepared to collect starting inventory.

Discuss Inventory - It's Importance, why track it, benefits and challenges of the inventory process.

Perpetual vs Physical

Continue to Prep Square Register


Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:

The Cash Drawer - How it works, control and considerations for each iPad.

Inventory Counts

Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:


Continue Inventory

Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:


Inventory Completed

Check for Understanding:
September 4

No School

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:

Square Prep and Inventory for COGS


Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:

Square Prep and Inventory for COGS


Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:

Square Prep and Inventory for COGS


Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:

Square Prep and Inventory for COGS


Check for Understanding:
September 11
http://money.usnews.com/careers/best-jobs/accountant

Careers in Accounting
https://www.youtube.com/watch?v=ddVcIBk8IPA

http://www.accounting.com/careers/

Career Search Assignment
Career Search.pdf



Check for Understanding:

Standard:


Learning Target:


Activities:

Finish Career Exploration and Discuss


Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:

Finish Square Prep and Spreadsheet

Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:

Finish Square Prep and
Spreadsheet


Check for Understanding:

Standard:


Learning Target:

Identify the importance of an effective record keeping system in helping make decisions.

Activities:

Finish Square Prep and
Spreadsheet


Check for Understanding:
September 18

Standard:


Learning Target:


Activities:

Complete Inventory Counts and Information for Concession Stand.

Standard:


Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Identify the function and use of special journals.

Activities:

Chart of Accounts - Accounts and Categories for the Winning Edge

Read about Winning Edge and Identify its Characteristics. - Should it be a corporation?

Review Transactions and the debit and credit sides.


Ch. 18 - The Use of Special Journals Discuss the Benefits and the Downfalls


The Winning Edge Discussion
Ch. 18 Vocabulary List.docx

Standard:


Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Identify the function and use of special journals.

Determine the needs of merchandise for the type of business.

Activities:


18.1 - Purchases Journal
Purchase Journal.pdf


WT - p. 459 #4-6
OYO - p. 459 #7-9

Application 18.1

Purchases - Where from and for what business - Business Scenario

Analyze the Concession Stands - Where we might purchase from??

Standard:


Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Identify the function and use of special journals.

Activities:


Discuss 18.1 Application

18.2 - Expenses and Purchases - Cash Payments Journal
Cash Payment Journal.pdf


What forms of payments should a business use?

WT - p. 464 #4

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.


Learning Target:

Demonstrate the Journal Entries into the Special Journal

Activities:


Purchases and Cash Payment Journal Practice.

Check for Understanding:


18.1 and 18.2 Application
September 25

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Demonstrate the Journal Entries into the Special Journal

Identify the other forms of payment that are not with cash or on account and how are they recorded.

Activities:

Making Payments - Not on Account

Credit Card Choices - Business Credit Cards


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Identify how to record Cash Short and Over Transactions in the Cash Payments Journal.

Activities:

18.3 - Petty Cash and Posting - Cash Payments Journal
18.3 Petty Cash.key


18.3 App,
18.4 - General Journal
18.4 Recording in a General Journal.key


Check for Understanding:


Application 18.4 and 18.5 App

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Reasons for Incorporating - Learning
http://www.legalzoom.com/incorporation-guide/definition-of-a-corporation.html

Use the arrows below the paragraphs/summaries to continue to learn more.

Parts of a Corporation - Check out Video in regards to steps to form a corporation.
- Shared in your Google Drives

Check for Understanding:

Standard:

Describe the major types of business organizations, including sole proprietorships, partnerships, corporations, and limited liability companies, operating within the socioeconomic arena of the national and international marketplace.

Learning Target:

Identify the key characteristics of a corporation.

Learn the process and requirements to forming a corporation.

Activities:


Corporation Characteristics


Research
http://www.bizfilings.com/iowa/incorporation.aspx

https://www.sba.gov/content/corporation

http://smallbusiness.chron.com/c-corporation-requirements-3978.html

http://www.bizfilings.com/learn/incorporation-requirements.aspx


Create a summary of what it takes to incorporate in a presentation, based on your research and what you have discovered.

It should be organized as a Step by Step list for someone if they were interested in learning how to start a corporation. Also to address some of the different characteristics of the corporation and why choose the form of ownership.

Consider the list below

https://www.legalzoom.com/knowledge/corporation

Definition of a Corporation
Reasons to Form
Startup Procedures
Day to Day Activities
Articles of Incorporation
C-Corp
S-Corp
Tax Advantages/Disadvantages
Compare Corporations to Proprietorships and Partnerships
Managing a Corporation
Appointing/Required Officers
Owners of a Corporation
Corporate Stock
Shareholders and Directors

Check for Understanding:

Corporation Work Time

No School
October 2

Standard:

Describe the major types of business organizations, including sole proprietorships, partnerships, corporations, and limited liability companies, operating within the socioeconomic arena of the national and international marketplace.

Learning Target:

Journal Cash Payments, Purchases and General Journal Transactions.

Identify the Key Characteristics of the Corporation.

Activities:

Corporation Work Time - Assemble the Data

Q and A


Check for Understanding:

18-7 Mastery - Journal and Post

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Journal Cash Payments, Purchases and General Journal Transactions.

Identify the Key Characteristics of the Corporation.

Activities:

Present How to Form a Corporation

Discuss Findings and their Presentation


Check for Understanding:

18-7 Mastery - Journal and Post

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Journal Cash Payments, Purchases and General Journal Transactions.

Check for Understanding:


Discuss Mastery Problem and prepare for the assessment


Discuss and Review Content and Vocabulary

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Ch. 18 Assessment - Start with Journals and Posting.

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Finish the Assessment

Check for Understanding:
October 9

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Understand the process of receiving sales and what needs to be recorded.'

Activities


Vocabulary Development
Ch. 19 Vocabulary.docx


Begin 19.1 - Sales Journal
Sales Journal and Sales Tax.pdf

Discuss Sales Tax - What the process looks like?

Sales Tax By State

Sales Tax by County - Local Option

Recap of Sales Tax Rules -
Iowa State Sales and Use Tax.pdf



Check for Understanding:


19.1 Application

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Understand the process of receiving sales and what needs to be recorded.

Activities:

19.2 - Cash Receipts Journal
]
Cash Receipts Journal.pdf


Check for Understanding:


19.2 WT

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

19.2 Work Together and On Your Own.


Check for Understanding:


19.2 Application

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:



Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

19.3 General Journal
General Journal Transactions.pdf


WT - p. 503 #3-5

Homework

AU - p. 503 #1-2

Application 19.3



Check for Understanding:
October 16

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Identify key items to consider when conducting international sales.

Activities:

19.3 App discussion


19.4 - International Sales
International Business.pdf

Sight Draft -
Bill of Lading -
Time Draft -
Letter of Credit -
Exports -
Imports -


International Business Articles

http://smallbusiness.chron.com/10-things-before-conducting-international-business-20611.html

http://www.inc.com/articles/2009/11/how-to-sell-internationally.html

http://www.business.ftc.gov/documents/alt067-electronic-commerce-selling-internationally-guide-businesses

http://www.inc.com/ss/9-tips-doing-business-globally

Discuss the suggestions of conducting business internationally for 1 of the Articles above

1.) Summarize the article

2.) Identify the positives/negatives mentioned in conducting business internationally.

3.) What is the biggest challenge of doing business overseas based on your reading?

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Selling Online - What do you need?
http://www.businessnewsdaily.com/4707-ecommerce-website-guide.html

Web Host

Domain Name

Website

Merchant Processor

Forms of Payment

Things to Consider when conducting business online?

Do you have to conduct business online? Advantages and Drawbacks.

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Shopping Cart
https://www.practicalecommerce.com/10-Essential-Shopping-Cart-Features


Taxes -
https://www.sba.gov/blogs/sales-tax-101-small-business-owners-and-online-retailers

Shipping - http://www.businessnewsdaily.com/8499-ecommerce-shipping-guide.html


Returns -
https://www.bigcommerce.com/blog/create-a-returns-and-exchanges-policy-that-sells/

Examples -
https://www.amazon.com/gp/orc/returns/homepage.html/ref=orc_surl_ret_hp?fg=1

https://returns.nflshop.com/


Web Host Examples
http://www.wix.com/upgrade/premium-plans
https://squareup.com/online-store



Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Mastery Problem - Journal Only Today


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Practice Transactions - Finish Posting and Practicing preparing Schedule of Accounts Receivable

Discuss Posting Procedure Reminders

Vocabulary Review

Content Review and Practice


Check for Understanding:
October 23

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Ch. 19 Assessment


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Finish Assessment


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Finish Assessments

Folder Set Up and Prep for Quickbooks

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Using Quickbooks - File Restore and Navigation

Begin Introduction to Quickbooks
Introduction-14.pptx


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:


Activities:

Introduction

Problem 1



Check for Understanding:
October 30

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Learning to navigate Quickbooks and where to find

Activities:

Problem 2 - Introductory


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Learn how to create a Company file in Quickbooks.

Activities:


Setup-14.pptx


Ch.12 - Quickbooks - Company File Setup

Set Up Practice


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Learn how to create a Company file in Quickbooks.

Activities:

Ch.12 - Quickbooks - Company File Setup

Set Up Practice



Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Learn how to create a Company file in Quickbooks.

Prepare Opening Balances

Closing Open Balance Equity

Activities:

Ch.12 - Quickbooks - Company File Setup

Set Up Practice


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Learn how to create a Company file in Quickbooks.

Prepare Opening Balances

Closing Open Balance Equity

Activities:


Finish Set Up - Problem 1


Check for Understanding:

Begin Problem 2
November 6

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Using Quickbooks to set up a company and its files for the business

Activities:


Problem 2 - Work Time


Check for Understanding:


Problem 2

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Using Quickbooks to record sales transactions.

Activities:

The Sales Process - Practice


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Using Quickbooks to record sales transactions.

Activities:

The Sales Process Practice



Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Using Quickbooks to record sales transactions.

Activities:

The Sales Process Practice


Check for Understanding:

No School
November 13

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Demonstrate the Sales Recording Process in Quickbooks.

Activities:

Sales Process Problem 1


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Demonstrate the Sales Recording Process in Quickbooks.

Identify the function and use of Quickbooks in Managing Company Expenses.

Activities:

Sales Problem 2


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Using Quickbooks to manage operating expenses for the business.

Activities:


https://community.intuit.com/articles/1182163-use-undeposited-funds-to-record-daily-sales

Managing Expenses Practice


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

Learning Target:

Using Quickbooks to manage operating expenses for the business.

Activities:

Managing Expenses Practice

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

Learning Target:


Activities:

Managing Expenses Practice

Begin Problem 1

Check for Understanding:
November 20

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

Learning Target:


Activities:


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.


Learning Target:


Activities:

On Account Terms and Uncollectable Accounts

Credit
https://www.investopedia.com/terms/c/credit.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186


Uncollectable Accounts Vocabulary.docx


Credit Ratings for Business -
http://abcnews.go.com/Business/video/business-credit-rating-12870107

https://www.investopedia.com/terms/c/corporate-credit-rating.asp

Look up Examples of Credit Ratings - Moody's

What to do if you don't have a rating? - What do you need to know? -

Student Teaching
http://www.sba.gov/content/managing-your-business-credit

http://www.sba.gov/content/extending-credit-your-customers


Check for Understanding:

No School

No School

No School
November 27

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

Learning Target:

Recognize the information needed in order to determine the credit ability of a customer.

Activities:


Look Over Credit Application - Business - What information do you need to collect from customers?

Credit Application - Business.docx


Video and Guidance on Terms and Collections

Discuss Credit Terms - Things to consider when offering credit.

Practice Writing Terms for Businesses based on Credit

Check for Understanding:


Customer Terms - Assignment.docx

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

Learning Target:


Activities:

Discuss Terms and Reflections

Collecting Overdue Accounts - Video

fairdebt.pdf



Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

Learning Target:


Activities:

Finish Collecting Past Due Accounts.

Uncollectable Accounts.pdf


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

Learning Target:


Activities:

WT

Make sure you understand how the estimation for Uncollectable Accounts is critical to the business' reporting on Financial Statements.


Writing Off an Account.pdf


Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

Learning Target:


Activities:


WT and OYO

Application Problem 20.1

20.2 Application

Application 20.3

Check for Understanding:


Mastery Problem
December 4

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.


Activities:

Mastery Problem - Check

Discuss the Challenge Problem

Review for Ch. 20 Assessment - Vocabulary and Content Review

Check for Understanding:

Standard:


Learning Target:


Activities:


Uncollectable Accounts Assessment



Check for Understanding:


Assessment

Standard:


Learning Target:


Activities:


Finish the Assessment

Additional Customer Transactions - QB - Prep QB


Check for Understanding:

Standard:


Learning Target:


Activities:

Additional Customer Transactions - QB - Prep

Prep for Friday's Field Trip
Conterra Asset Management - Agenda.docx


Conterra Asset Management


Additional Customer Transactions - QB


Check for Understanding:

Standard:


Learning Target:


Activities:

Field Trip to Conterra Asset Management


Check for Understanding:
Dec 11

Standard:


Learning Target:


Activities:


Additional Customer Transactions Practice


Check for Understanding:

Standard:


Learning Target:


Activities:

Additional Customer Transactions

Problem 2


Check for Understanding:

Standard:


Learning Target:


Activities:

Ch. 21.1
Vocabulary Discovery for Depreciation
Asset and Depreciation Vocabulary.docx

Record Vocabulary for Tomorrow

Plant and Current Assets.pdf



Current Assets/Plant Assets - A Home for an example


Check for Understanding:

Standard:


Learning Target:


Activities:

Corporation Plant Assets
Yahoo Finance - Current Assets and Plant Assets
Discuss what each Asset consists of in each category

Find 3 Companies and compare their assets - Look at the different Business Types. Why does that make a difference in their current assets?

Discuss the Assessed Value of 3 Businesses - P,P and E that helps determine Property Taxes


Check for Understanding:

Standard:


Learning Target:


Activities:

Plant Assets
Real Property, Personal Property, Property Taxes
Assessor Websites

Polk - http://web.assess.co.polk.ia.us/cgi-bin/web/tt/infoqry.cgi?tt=home/index

Dallas-
http://assessorweb.co.dallas.ia.us/Searchv3.aspx

Discover 3 Different Businesses
Name and a Description of what they do, plus
Land Value
Building Value
Property Tax Information - How much per year

WT - p. 548 #5-6
OYO – p. 548 #7-8
Application 21.1


Check for Understanding:
December 18

Standard:


Learning Target:


Activities:

Plant Assets and Depreciation

What is Depreciation?
Ch. 21.2
Depreciation Expense

WT
OYO


Check for Understanding:

21.1 OYO

Standard:


Learning Target:


Activities:

21.3 Journal Depreciation Expense
Lecture and PowerPoint
21-3.key

21.3 - Creating the Plant Asset Record

21.3 WT


Solving the Depreciation Adjustments


Check for Understanding:

21.3 App

Standard:


Learning Target:


Activities:

https://www.irs.gov/publications/p946

Choose a Business and Pick 5 Plant Assets that you would need for the business. You need to discover the prices of each. (Consider Quantity of the item needed)
2001d(1).pdf


Discuss the 5 Tangible Assets, their annual depreciation and useful life

Create Depreciation Tables in a Spreadhseet


Check for Understanding:

Standard:


Learning Target:


Activities:



21.4 – Disposing of Plant Assets
Lecture and PowerPoint
21-4.key


Work Together – p. 561 #5-7



Check for Understanding:


Go through Mastery Problem - Clear up Questions.

Content/Vocabulary Review for Assessment Tomorrow

Standard:


Learning Target:


Activities:



Check for Understanding:
January 1
 NO SCHOOL

Standard:


Learning Target:


Activities:

21.4 Application

App Problem and 21.5


Complete the Inventory Records Spreadsheet


Check for Understanding:

Standard:


Learning Target:


Activities:

Discuss Application Problems 21.3-5

Complete the Inventory Records Spreadsheet


Check for Understanding:

Standard:


Learning Target:


Activities:

21.7 Mastery Problem


Check for Understanding:

Standard:


Learning Target:


Activities:

Discuss 21.4 App


21.5 Declining Balance Method of Depreciation

Lecture and PowerPoint
21-5.key


Application Problem 21.6

Which Assets would you double decline method

Check for Understanding:
January 8

Standard:


Learning Target:


Activities:



Check for Understanding:

Standard:


Learning Target:


Activities:


Check Mastery


Check for Understanding:

 Finals
 No School - Snow Day
 Finals
January 15

No School

Standard:


Learning Target:


Activities:


Ch. 21 Assessment - Vocab and Content



The Profit
http://www.cnbc.com/live-tv/the-profit/full-episode/detroit-denim/1111269955566

Check for Understanding:

Standard:


Learning Target:


Activities:


The Profit
http://www.cnbc.com/live-tv/the-profit/full-episode/detroit-denim/1111269955566

Discuss Financials of a company to see what is done to make the business more profitable.


Check for Understanding:

Standard:


Learning Target:


Activities:


The Profit
http://www.cnbc.com/live-tv/the-profit/full-episode/detroit-denim/1111269955566

Discuss Financials of a company to see what is done to make the business more profitable.

Check for Understanding:

Standard:


Learning Target:


Activities:

Finish the Profit


Inventory Videos - Introducing Inventory Process and Vocabulary

Merchandising - Its importance and how it is used in a business.

Complete the Vocab
Ch. 22 Vocab.docx


Merchandising - Its importance and how it is used in a business. - Marketing Impact - Promotions


Check for Understanding:
January 22

Standard:

Utilize information and technology tools to conduct business effectively and efficiently.

Learning Target:

Understand the concept of merchandising within a business


Activities:

22-1.key


Finish Videos and Vocabulary

Merchandising - Read the article and watch the video to learn some insight

http://www.cbsnews.com/news/how-supermarkets-lure-you-to-buy-more/


Check for Understanding:

Standard:

Utilize information and technology tools to conduct business effectively and efficiently.

Learning Target:

Understand the concept of merchandising within a business

Finish Videos

UPC Labels - The Bar Code
How to obtain them?

http://guides.wsj.com/small-business/starting-a-business/how-to-get-upc-codes-for-your-products-2/

http://www.gs1us.org/get-started/im-new-to-gs1-us/anatomy-of-a-upc-barcode

Merchandising
http://insider.asdonline.com/the-secrets-of-visual-merchandising-a-step-by-step-guide/


Planograms and Store Layouts
https://s-media-cache-ak0.pinimg.com/564x/f3/c5/c3/f3c5c3844f3e43e78fd1e3ebda2855b6.jpg

https://i.pinimg.com/564x/f3/c5/c3/f3c5c3844f3e43e78fd1e3ebda2855b6.jpg

http://chrislewisart.com/portfolio/nike_dsg_washsq_2012-05-29_0016/

Standard:

Utilize information and technology tools to conduct business effectively and efficiently.

Learning Target:


Activities:


Using the examples to help gain perspective. Design what you would feel to be the ideal set up of a store and department at one of your favorite stores.

Be specific on shelving, tables, hooks, displays etc.. as much as you can.

Products/Brands/Amounts/Colors

Activities:

Finish and create final designs of departments at a store and be very specific and professional.


Check for Understanding:Layout and Planogram

Standard:


Utilize information and technology tools to conduct business effectively and efficiently.

Learning Target:


Activities:

Submit Final Designs - Share

Discuss Perpetual Recording System - Concession Stand


How has it been working? Problems, Successes, Failures, Desires.

Project - Concession Stand

Concession Stand Inventory.docx


Merchandising, Planograms, Storing, Restocking, Ordering.

Improve the Process to Maintain Inventory and be more effective in selling the merchandise.

Check for Understanding:

Standard:


Utilize information and technology tools to conduct business effectively and efficiently.

Learning Target:


Activities:

Work Time on Project - Due Tuesday

Check for Understanding:
January 29

Standard:

Implement accounting procedures to track money flow and to determine financial status.=Learning Target:=
Determine Correct Method to determine the cost of merchandise.

Create a merchandising plan for the concession stand at WG.

Activities:

Work Time on Inventory Project

and

Fifo, Lifo, and Weighted Average - Calculating the Cost of Inventory

22-2.pdf


http://www.inc.com/jeff-haden/how-to-choose-between-lifo-and-fifo-accounting.html

Check for Understanding:

Standard:

Implement accounting procedures to track money flow and to determine financial status.

Learning Target:

Create a merchandising plan for the concession stand at WG.

Activities:

Discuss Costing Method Choice
http://www.inc.com/jeff-haden/how-to-choose-between-lifo-and-fifo-accounting.html

Work Time on Inventory Project

Check for Understanding:

Standard:

Implement accounting procedures to track money flow and to determine financial status.

Learning Target:

Determine Correct Method to determine the cost of merchandise.

Discover how to solve for the correct merchandise amount for the fiscal year.

Activities:

Inventory Project Work Time - Finish up for tomorrow.


Check for Understanding:

Standard:

Implement accounting procedures to track money flow and to determine financial status.

Learning Target:

Discover the importance of estimating the cost of merchandise for projections and financial statements.

Activities:

Share Project Findings and Discuss


22.2 WT, 22.2 OYO, 22.2 Application


Estimating Gross Profit

22-3.pdf


Check for Understanding:


Cost of Merchandise Practice.docx

Standard:

Implement accounting procedures to track money flow and to determine financial status.

Learning Target:

Determine Correct Method to determine the cost of merchandise.

Discover how to solve for the correct merchandise amount for the fiscal year.

Discover the importance of estimating the cost of merchandise for projections and financial statements.

Activities:



Check for Understanding:
February 5

Standard:


Learning Target:


Activities:

Inventory Project Work Time - Finish up detailed planograms for Wednesday.


Check for Understanding:

Standard:


Learning Target:


Activities:

Mastery Problem

Review Inventory Unit Content and Vocabulary


Check for Understanding:

Standard:


Learning Target:


Activities:

Ch. 22 Assessment - Vocab and Content

Standard:


Learning Target:


Activities:

FIFO, LIFO, AND WEIGHTED AVG.

Gross Profit Method


I

Standard:


Learning Target:


Activities:



Check for Understanding:
Feb 12

Standard:


Learning Target:


Activities:

nventory - Quickbooks
Inventory-14.pptx

Inventory Practice - Quickbooks

Check for Understanding:



Check for Understanding:

Standard:


Learning Target:


Activities:

Inventory Practice - Quickbooks


Check for Understanding:

Standard:


Learning Target:


Activities:

Inventory Quickbooks - Practice and Problem 1

Check for Understanding:

Standard:


Learning Target:


Activities:

Inventory Quickbooks - Problem 2 - Due Friday


Check for Understanding:

Standard:


Learning Target:


Activities:

Ch. 23 Promissory Notes
Ch. 23 Vocab.docx


What do businesses borrow money for?

Discuss the types of Loans a business might use.
Small Business Loans.docx


Discuss Is a Loan or Lease the best fit?
http://www.businessnewsdaily.com/7056-buy-or-lease.html


Check for Understanding:
February 19

Standard:


Learning Target:


Activities:

Discuss Small Business Loan Assignment

23-1.pdf

23-2.pdf



Solving for Interest - Promissory Notes

http://www.bankrate.com/calculators/business/business-calculator.aspx


Check for Understanding:

Standard:


Learning Target:


Activities:

No School - Ice Storm


Check for Understanding:

Standard:


Learning Target:


Activities:


23.1 & 23.2 - WT


Application Problem 23.1

Application Problem 23.2

Promissory Notes Activity.docx


Check for Understanding:

Standard:


Learning Target:


Activities:

Discuss Promissory Notes Activity



23-3.pdf

Check for Understanding:

No School - PD
February 26

Standard:


Learning Target:


Activities:

Discuss Promissory Notes Activity

Discuss Interest Income Transactions when businesses don't pay. - Notes Receivable and Interest Income


Check for Understanding:

Standard:


Learning Target:


Activities:

23.3 WT and App

Finish Transaction Discussions

Complete the Mastery Problem - Discuss Adaptations

Check for Understanding:

Standard:


Learning Target:


Activities:

Review and Discuss Vocabulary Content and Problems.


Check for Understanding:

Standard:


Learning Target:


Activities:


Promissory Notes Assessment




Check for Understanding:

Standard:


Learning Target:


Activities:

Finish Promissory Notes Assessment
March 5

Standard:


Learning Target:


Activities:

Ch. 24 Vocab.docx


Ch. 24.1 Accrued Revenue

24-1.pdf



Ch. 24.2 Accrued Expenses
24-2.pdf



Check for Understanding:

Standard:


Learning Target:


Activities:

WT - 24.1
OYO - 24.1

WT - 24.2
OYO 24.2


Check for Understanding:

Application 24.1
Application 24.2

Standard:


Learning Target:


Activities:


24.3 Application

24.4 Mastery Problem

Review and Content Practice

https://www.investopedia.com/ask/answers/031015/what-difference-between-accrued-expense-and-accrued-interest.asp


Mastery Problem Answers.pdf


Check for Understanding:

Standard:


Learning Target:


Activities:

Ch. 24 Accrued Revenue and Expenses
Assessment



Check for Understanding:


 No School
March 12

Spring Break

Spring Break

Spring Break

Spring Break

Spring Break
March 19

Standard:


Learning Target:


Activities:

Restore Bank Rec, Reports, Customizing Quickbooks

Quickbooks - Bank Reconciliation Practice



Check for Understanding:

Standard:


Learning Target:


Activities:

Quickbooks - Bank Reconciliation Practice

Quickbooks - Bank Reconciliation - Problem 2



Check for Understanding:

Standard:


Learning Target:


Activities:

Begin Quickbooks - Reports Practice



Check for Understanding:

Standard:


Learning Target:


Activities:

Quickbooks - Reports Practice


Check for Understanding:

Standard:


Learning Target:


Activities:

Finish QB Reports Practice

End of Quarter



Check for Understanding:
March 26

Standard:


Learning Target:


Activities:

Reports - Problem 2

Analysis Questions


Check for Understanding:

Standard:


Learning Target:


Activities:

Customizing QB Practice

Pick a Business to use for the Practice


Check for Understanding:


IA Assessments

Standard:


Learning Target:


Activities:

Finish Practice Customization


Check for Understanding:

Standard:


Learning Target:


Activities:



Customization Practice


Check for Understanding:


IA Assessments

Standard:


Learning Target:


Activities:


Customizing - Layouts and Sales Forms


Check for Understanding:
April 2

Standard:


Learning Target:


Activities:

Customizing Problem 2

Standard:


Learning Target:


Activities:

Time and Billing Practice


Check for Understanding:

Standard:


Learning Target:


Activities:

Complete Customization Problem



Check for Understanding:

Standard:


Learning Target:


Activities:

Time and Billing Practice


Check for Understanding:

Standard:


Learning Target:


Activities:

Time and Billing - Practice

Complete



Check for Understanding:
April 9

Standard:


Learning Target:


Activities:

Time and Billing Problem 2

Corporate Tax Havens
https://www.youtube.com/watch?v=MxgezC4KhXQ

Discuss the 35% Corporate Income Tax
Solving and Reporting Federal Income Tax for Corporations

Current Issues

Check for Understanding:

Standard:


Learning Target:


Activities:

Corporate Income Taxes
Write at least a half page response about if you are for or against the corporate tax rate of 35% that was lowered to 20%. Should it be lowered, kept the same, changed to something else, etc.... Provide Supports for your writing that reference the articles that you have read plus described what the after effect would be if you implemented the change.

Due Tomorrow

Lowering the Tax Rate
http://www.usatoday.com/story/money/business/2013/10/23/big-companies-pay-no-taxes/2480281/

10 Reasons to Abolish the Corporate Income Tax - http://www.wsj.com/articles/john-steele-gordon-top-10-reasons-to-abolish-the-corporate-income-tax-1419899269

https://www.nytimes.com/2014/01/06/opinion/abolish-the-corporate-income-tax.html

http://www.usatoday.com/story/money/markets/2016/03/07/27-giant-profitable-companies-paid-no-taxes/81399094/

Abolish the Corporate Tax Rate - What do you think? .pdf


Arguements Against the Cuts
https://www.cnbc.com/2017/08/30/theres-little-evidence-that-cutting-corporate-taxes-creates-jobs.html

https://www.nytimes.com/2018/02/26/business/tax-cuts-share-buybacks-corporate.html


Changes that went into place

https://www.washingtonpost.com/news/wonk/wp/2017/12/15/the-final-gop-tax-bill-is-complete-heres-what-is-in-it/?noredirect=on&utm_term=.bb2e1117f626

https://www.cnbc.com/2018/01/11/walmart-to-boost-starting-wage-give-employees-bonus-after-tax-bill.html


Check for Understanding:

Standard:


Learning Target:


Activities:

Discuss Articles

Dividends
http://www.investopedia.com/terms/d/dividend.asp

Preferred Stock vs. Common Stock
www.youtube.com/watch?v=3rckSrGURm4
www.investopedia.com/terms/p/preferredstock.asp

Retained Earnings
http://www.investopedia.com/terms/r/retainedearnings.asp

Declaring Dividends
http://www.businesswire.com/news/home/20160310005169/en/Target-Corporation-Declares-Regular-Quarterly-Dividend

http://gmauthority.com/blog/2016/02/general-motors-announces-first-quarter-2016-dividend/


For the 2 companies of your choice on Yahoo! Finance use the Cash flow statement to see what has been paid out in dividends over the past 3 years.

Find also the retained earnings on the balance sheet.


Check Vocab and Yahoo Finance


25.1
25-1.pdf


WT and OYO p. 639


Check for Understanding:

Standard:


Learning Target:


Activities:



Check for Understanding:


25.1 WT

25.1 App and 25.2 App

Standard:


Learning Target:


Activities:

25.2 Preparing a Worksheet
25-2.key


25.2 WT and OYO

Discuss the Adjustments that a corporation will make at year end.



Check for Understanding:
April 16

Standard:


Learning Target:


Activities:

Check over the prep work

25.2 WT and OYO - Solve Income before Tax

Corporate Income Tax Table
http://www.cfp.net/docs/default-source/cfp-certification---cfp-exam-requirement/exam-tax-tables.pdf?sfvrsn=20

https://www.thebalance.com/trump-s-tax-plan-how-it-affects-you-4113968

Discuss the Corporate Tax Rate

Discuss the 21% Corporate Income Tax
Solving and Reporting Federal Income Tax for Corporations


Discuss the Estimated Quarterly Tax Return and the Tax Return.

http://www.irs.gov/pub/irs-pdf/f1120.pdf
Tax Return
http://www.irs.gov/pub/irs-pdf/i1120.pdf - Tax Return Instructions

Complete for Practice - Use a Yahoo! Finance Example
http://www.irs.gov/pub/irs-pdf/f1120w.pdf - Estimated Tax Form
http://www.irs.gov/pub/irs-pdf/i1120w.pdf - Estimated Tax Instructions

25.3 Federal Income Tax
25-3.key



Make sure 25.1-3 WT and OYO are complete

25.3 WT & OYO - Complete the Worksheet

Check for Understanding:

Standard:


Learning Target:


Activities:

Check WT and OYO 25.1

Complete the Quarterly Estimate Tax Return

Complete for Practice - Use a Yahoo! Finance Example - Learn to estimate Income Percentages

http://www.irs.gov/pub/irs-pdf/f1120w.pdf - Estimated Tax Form
http://www.irs.gov/pub/irs-pdf/i1120w.pdf - Estimated Tax Instructions

Check for Understanding:

Standard:


Learning Target:


Activities:

25.1-3 Application - Complete the worksheet for tomorrow in its entirety.


Check for Understanding:

Standard:


Learning Target:


Activities:

Check over the worksheets and make sure the adjustments and year end information is correct.

Check Under Armour Income Statements and complete - 1120w -Estimated Tax Return


Begin the Mastery Problem we will finish in class tomorrow.

Check for Understanding:

Standard:


Learning Target:


Activities:



25.5 Mastery Problem

Review for Assessment and Vocab

Assessment Topics and prepare

Corporate Income Tax - Solving Practice
21%

Check for Understanding:
April 23

Standard:


Learning Target:


Activities:

Ch. 26 - Corporation Financial Statements
26-1.key

26.1 WT and OYO
- Preparing the Income Statement - Set up and how it works together.


Check for Understanding:

Standard:


Learning Target:


Activities:


CH. 25 Assessment - The Worksheet, Adjustments


Check for Understanding:

Standard:


Learning Target:


Activities:

Discuss WT

Complete Application 26.1

26.2 Preparing the Stockholders Equity Statement
26-2.key

WT
OYO


Check for Understanding:

Standard:


Learning Target:


Activities:

26.2 Application

26.3 - Preparing the Balance Sheet
26-3.key

WT and OYO

26.3 Application

Final Vocabulary Review Sheet
Vocab Sheet.pdf



Check for Understanding:

Standard:


Learning Target:


Activities:


http://www.netmba.com/finance/financial/ratios/

Find Working Capital

Quick Ratio

Current Ratio

Key Performance Indicators.docx



26.4 Reversing, Adjusting, Closing Entries
26-4.key


WT
OYO

26.4 Application

Check your 26.4 App

Complete the 26.5 - Mastery Problem for tomorrow.

Check for Understanding:
April 30

Standard:


Learning Target:


Activities:


Mastery Problem - Complete for tomorrow

Review for Finals Vocabulary/Content Final if complete.

Check for Understanding:


Mr. Combs at Conference Golf - All Day

Standard:


Learning Target:


Activities:


Check the Mastery Problem Financial Statements and closing entries.


Check for Understanding:

Standard:


Learning Target:


Activities:

Mr. Combs at Conference Golf - All Day

Review and Practice

Reinforcement Problems

Answers to Journals
Reinforcment Activity - Review.pdf


Check for Understanding:

Standard:


Learning Target:


Activities:

Mr. Combs Gone


Review and Practice
Reinforcement - Worksheet.pdf


Check for Understanding:

Standard:


Learning Target:


Activities:


Review Day for Assessment


Check for Understanding:
May 7

Standard:


Learning Target:


Activities:


Vocabulary/Content Assessment


Check for Understanding:

Standard:


Learning Target:


Activities:


Finish Vocabulary and Decision Making Assessment

Begin Final Assessment

Check for Understanding:

Standard:


Learning Target:


Activities:

Assessment

Check for Understanding:

Standard:


Learning Target:


Activities:

Assessment


Check for Understanding:

Standard:


Learning Target:


Activities:

Assessment


Check for Understanding:
May 14

Standard:


Learning Target:


Activities:

Assessment


Check for Understanding:

Standard:


Learning Target:


Activities:

Finish Assessment


Check for Understanding:

Standard:


Learning Target:


Activities:



Check for Understanding:


Course Evaluation
http://goo.gl/forms/wv5hEFXiVVq8j8T82

Standard:


Learning Target:


Activities:



Check for Understanding:

Standard:


Learning Target:


Activities:



Check for Understanding:
May 21
 Finals - 1. 3. 5
 Finals - 2, 4, 6
 Finals, 7 and 8